VC-backed Planet Labs to acquire Terra Bella

February 06, 2017

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Aerospace | San Francisco, CA

Google parent company Alphabet has confirmed the sale of Terra Bella, its geospatial data and Earth imaging business, to satellite company Planet. Google bought Terra Bella (fka Skybox Imaging) for a reported $500 million in 2014 and will retain a multi-year contract to license Terra Bella’s Earth imaging software as part of the sale. Planet has previously raised about $208 million in venture funding, including a $10 million round in 2014 at a valuation of $1.3 billion.